News / USA

House Postpones Vote on Republican Debt Ceiling Plan

House Speaker John Boehner of Ohio, second from right, and fellow House Republicans leave a news conference on Capitol Hill in Washington, Thursday, July 28, 2011. From left are, Rep. Jeb Hensarling, R-Texas, House Majority Leader Eric Cantor of Va., Rep.
House Speaker John Boehner of Ohio, second from right, and fellow House Republicans leave a news conference on Capitol Hill in Washington, Thursday, July 28, 2011. From left are, Rep. Jeb Hensarling, R-Texas, House Majority Leader Eric Cantor of Va., Rep.
Cindy Saine

The U.S. House of Representatives has delayed a vote on a Republican plan to cut government spending and raise the federal borrowing limit in two stages.  With only five days until a potential default on the national debt, drama reached a peak in the House late Thursday, as the Republican Speaker of the House, John Boehner, postponed the vote amid reports he did not have enough support among his own Republican caucus to pass it.

The vote on the bill proposed by House Speaker John Boehner was scheduled for early evening, Washington, D.C. time. But after two hours of debate on the “Budget Control” bill, instead of voting on it, the Republican-controlled House suddenly turned its attention to bills on re-naming post offices.

The House then recessed for several hours, amid reports that Speaker Boehner did not have the 217 votes he needed to pass the measure among his 240 Republican caucus members. 

Individual Republican lawmakers were seen entering and leaving the Speaker's office, amid speculation Boehner was holding one-on-one-consultations with anti-government Tea Party supporters, who have opposed the bill because they feel it does not cut spending enough.

Emerging from the Speaker's office, Republican Congressman Louie Gohmert of Texas told reporters he was still a “bloodied, but beaten NO” vote.

Earlier Thursday, Speaker Boehner appeared confident at a news conference.

“Today the House will take action, again, on a solution to end the debt limit crisis.  We will take action again, just like we did on our budget, on solutions to the problems that are facing our nation,” he said.

A number of Republican lawmakers took the floor to call for passage of the Boehner "Budget Control" bill,  which would cut government spending by a larger amount than it would increase the debt limit.  Republican Budget Committee Chairman Paul Ryan said the $14.3 trillion U.S. debt is not only endangering the future for America's children, but that all of that borrowed money and the interest paid on it are hurting the U.S. economy right now.

"Half of that money is coming from other other countries like China.  Why on earth do we want to give the president a blank check, to keep doing that, giving our sovereignty and our self-determination to other countries to loan us money to fund our government," said Ryan. "Those days have got to end."

Several Republican lawmakers said the bill was not perfect, but that it was a compromise and the best chance to avoid default.  House Minority Whip Steny Hoyer and other Democrats strongly disagreed, saying  the bill was not bipartisan and not a compromise.

"There is no common ground here, nor was it sought.  We find ourselves at an unprecedented place today.  Americans stand on the brink of default," said Hoyer. "It stands there my friends,  because the leadership of the House has failed to act in a timely and responsible way."

Congressman James Clyburn summed up the view of most Democratic lawmakers.

"While the clock is ticking, the Republican majority is dickering and the American people are hurting.  Our financial markets are on pace for their worst week in nearly a year.  State governments are bracing for downgrades in their borrowing capacities," he said.

Analysts see the postponement of the House vote as a political embarrassment for Boehner, and an indication that the Tea Party members of his caucus may oppose any raising of the debt ceiling.

On the Senate side, 53 senators have signed a letter saying they will not vote for the Boehner plan, so analysts says the House measure has virtually no chance of passing the Senate, even if the Speaker manages to get it passed in the House on Friday.  Senate Majority leader Harry Reid has put forward his own plan to raise the debt limit and cut spending, and it has been endorsed by President Barack Obama.

Without a deal on some kind of plan to raise the $14.3 trillion legal limit on borrowing by the deadline, the Treasury Department says it will not have enough money to pay all of its bills starting August 2. That could bring a default that would likely prompt rating agencies to cut the U.S. credit rating, bringing higher interest rates and hurting economic growth.


You May Like

Video Obama to Send 3,000 Troops to Liberia in Ebola Fight

At Centers for Disease Control and Prevention, President says US will take leadership role for a global response to deadly Ebola virus that is ravaging West Africa More

Video China Muslims Work to Change Perceptions After Knife Attacks

Muslims in Kunming say that they condemn the violence, it is not a reflection of the true beliefs of their faith More

Humanitarian Aid, Equipment Blocked in Cameroon

Move is seen as a developing supply crisis in West Africa More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Enviropreneur Seeks to Save the Environment, Empower the Communityi
X
September 16, 2014 2:06 PM
Lorna Rutto, a former banker, is now an ‘enviropreneur’ - turning plastic waste into furniture and fences discusses the challenges she faces in Africa with raw materials and the environment.
Video

Video Enviropreneur Seeks to Save the Environment, Empower the Community

Lorna Rutto, a former banker, is now an ‘enviropreneur’ - turning plastic waste into furniture and fences discusses the challenges she faces in Africa with raw materials and the environment.
Video

Video West Trades Accusations Over Ransoms

As world leaders try to forge a common response to the threat posed by Islamic State militants in Iraq and Syria, there is simmering tension over differing policies on paying ransoms. In the past month, the jihadist group has beheaded two Americans and one Briton. Both countries refuse to pay ransom money. As Henry Ridgwell reports for VOA from London, there is uncertainty in the approach of some other European nations.
Video

Video Scotland Independence Bid Stokes Global Interest

The people of Scotland are preparing to vote on whether to become independent and break away from the rest of Britain, in a referendum being watched carefully in many other countries. Some see it as a risky experiment; while others hope a successful vote for independence might energize their own separatist demands. Foreign immigrants to Scotland have a front row seat for the vote. VOA’s Henry Ridgwell spoke to some of them in Edinburgh.
Video

Video Washington DC Mural Artists Help Beautify City

Like many cities, Washington has a graffiti problem. Buildings and homes, especially in low-income neighborhoods, are often targets of illegal artwork. But as we hear from VOA’s Julie Taboh, officials in the nation's capital have come up with an innovative program that uses the talents of local artists to beautify the city.
Video

Video US Muslim Leaders Condemn Islamic State

Leaders of America's Muslim community are condemning the violent extremism of the Islamic State group in Iraq and Syria. The U.S. Muslim leaders say militants are exploiting their faith in a failed effort to justify violent extremism. VOA correspondent Meredith Buel reports.
Video

Video Americans' Reaction Mixed on Obama Strategy for Islamic State Militants

President Barack Obama’s televised speech on how the United States plans to “degrade and destroy” the group known as the Islamic State reached a prime-time audience of millions. And it came as Americans appear more willing to embrace a bolder, tougher approach to foreign policy. VOA producer Katherine Gypson and reporter Jeff Seldin have this report from Washington.
Video

Video Authorities Allege LA Fashion Industry-Cartel Ties

U.S. officials say they have broken up crime rings that funneled tens of millions of dollars from Mexican drug cartels through fashion businesses in Los Angeles. Mike O'Sullivan reports that authorities announced nine arrests, as 1,000 law enforcement agents fanned out through the city on Wednesday.
Video

Video Bedouin Woman Runs Successful Business in Palestinian City

A Bedouin woman is breaking social taboos by running a successful vacation resort in the Palestinian town of Jericho. Bedouins are a sub-group of Arabs known for their semi-nomadic lifestyle. Zlatica Hoke says the resort in the West Bank's Jordan Valley is a model of success for women in the region.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid